HSBC eyes on $53.xx: Key Resistance to recovery of UpTrendHSBC looking quite strong compared to other banks.
Just poked through a key Resistance at $53.01-53.40
Strong break should retest highs above at $58.11-58.65
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Previous Analysis that caught a long PERFECTLY
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Key facts today
HSBC Holdings closed at HK$100.00 on the latest trading day, marking an increase of HK$0.25 or 0.25% from the previous close of HK$99.75.
HSBC is managing risks by conducting tender offers for certain notes not classified as tier 2 capital instruments, following an incomplete exchange and cash offer in 2022.
HSBC is eyeing Naguib Kheraj, ex-finance chief of Barclays, as potential chairman, preparing for Mark Tucker's departure on September 30.
525 ARS
20.98 T ARS
136.42 T ARS
About HSBC Holdings Plc
Sector
Industry
CEO
Georges Bahjat El-Hedery
Website
Headquarters
London
Founded
1959
ISIN
ARDEUT112257
FIGI
BBG000CBMT12
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America. RBWM business offers Retail Banking, Wealth Management, Asset Management and Insurance. CMB services include working capital, term loans, payment services and international trade facilitation, among other services, as well as expertise in mergers and acquisitions, and access to financial markets. GB&M supports government, corporate and institutional clients across the world. GPB's products and services include Investment Management, Private Wealth Solutions, and a range of Private Banking services.
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HSBC eyes on $44.xx: Major Support that could launch next legHSBC dropped into a major support.
Enter here for a scalp or long term.
Nearby resistance for scalp target.
$ 44.76 - 44.91 is the exact support zone.
$ 47.91 - 48.15 is first resistance and TP.
$ 49.86 - 50.16 will be serious, bigger TP.
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Potential Symmetrical triangle?I find the chart on HSBC interesting. Last year, we witnessed the market break a significant downtrend that had been in place since 2007. Currently, it appears we are on the verge of completing a symmetrical triangle pattern. Considering the market's support from its 200-week moving average and the
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
R
HBC3745304
Republic New York Corporation 7.2% 15-JUL-2097Yield to maturity
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Maturity date
Jul 15, 2097
H
HBC3706657
HSBC Bank USA, National Association 5.875% 01-NOV-2034Yield to maturity
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Maturity date
Nov 1, 2034
See all HSBC bonds